Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
131.65
-2.24 (-1.67%)
Jul 21, 2026, 9:32 AM EDT - Market open
Duolingo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 1,099 | 1,038 | 748.02 | 531.11 | 369.5 | 250.77 | |
Revenue Growth (YoY) | 35.45% | 38.71% | 40.84% | 43.74% | 47.34% | 55.09% |
Cost of Revenue | 300.36 | 288.13 | 203.65 | 142.11 | 99.43 | 69.19 |
Gross Profit | 798.46 | 749.46 | 544.38 | 389 | 270.06 | 181.59 |
Selling, General & Admin | 323.05 | 307.56 | 246.49 | 207.91 | 184.82 | 137.76 |
Research & Development | 318.91 | 306.32 | 235.3 | 194.35 | 150.44 | 103.83 |
Total Operating Expenses | 641.95 | 613.89 | 481.78 | 402.26 | 335.26 | 241.59 |
Operating Income | 156.5 | 135.57 | 62.6 | -13.26 | -65.2 | -60.01 |
Interest Income | 46.63 | 45.23 | 42.7 | 31.09 | 7.24 | 0.02 |
Other Non-Operating Income (Expense) | -0.18 | 1.61 | -2.99 | -0.06 | -0.68 | 0.03 |
Total Non-Operating Income (Expense) | 46.45 | 46.84 | 39.71 | 31.04 | 6.56 | 0.05 |
Pretax Income | 202.95 | 182.41 | 102.31 | 17.78 | -58.64 | -59.96 |
Provision for Income Taxes | -219.44 | -231.66 | 13.73 | 1.71 | 0.94 | 0.18 |
Net Income | 422.39 | 414.07 | 88.57 | 16.07 | -59.57 | -60.14 |
Net Income to Common | 422.39 | 414.07 | 88.57 | 16.07 | -59.57 | -60.14 |
Net Income Growth | 336.56% | 367.48% | 451.28% | - | - | - |
Shares Outstanding (Basic) | 46 | 46 | 44 | 41 | 39 | 23 |
Shares Outstanding (Diluted) | 49 | 48 | 47 | 47 | 39 | 23 |
Shares Change (YoY) | 2.09% | 2.56% | 1.24% | 17.87% | 68.44% | 84.00% |
EPS (Basic) | 9.15 | 9.05 | 2.04 | 0.39 | -1.51 | -2.57 |
EPS (Diluted) | 8.69 | 8.57 | 1.88 | 0.35 | -1.51 | -2.57 |
EPS Growth | 328.08% | 355.85% | 437.14% | - | - | - |
Free Cash Flow | 416.04 | 369.73 | 273.4 | 150.42 | 48.09 | 5.58 |
Free Cash Flow Growth | 12.53% | 35.23% | 81.75% | 212.77% | 761.28% | -61.04% |
Free Cash Flow Per Share | 8.58 | 7.65 | 5.80 | 3.23 | 1.22 | 0.24 |
Gross Margin | 72.67% | 72.23% | 72.78% | 73.24% | 73.09% | 72.41% |
Operating Margin | 14.24% | 13.07% | 8.37% | -2.50% | -17.64% | -23.93% |
Profit Margin | 38.44% | 39.91% | 11.84% | 3.03% | -16.12% | -23.98% |
FCF Margin | 37.86% | 35.63% | 36.55% | 28.32% | 13.02% | 2.23% |
EBITDA | 171.5 | 149.96 | 73.45 | -6.16 | -60.33 | -57.28 |
EBITDA Margin | 15.61% | 14.45% | 9.82% | -1.16% | -16.33% | -22.84% |
EBIT | 156.5 | 135.57 | 62.6 | -13.26 | -65.2 | -60.01 |
EBIT Margin | 14.24% | 13.07% | 8.37% | -2.50% | -17.64% | -23.93% |
Effective Tax Rate | -108.12% | -127.00% | 13.42% | 9.62% | -1.60% | -0.30% |